NIO 30 Min Chart Study
***Remember I'm not a professional analytic, this whole idea is based on my knowledge and opinion. ***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
Before start if you are a pumper or a basher, you would not like this Analysis. Right now, NIO in the 30 Min chart (usually used for short term traders) NIO is in a sideways. In my chart the candles haven’t cross yet the SMA 200 (Yellow line in the chart) what means, it’s a consolidation but bulls are in control. Current sideways will keep moving between 16.46 and 12.01 until break the resistance or support, then we will know the direction in short term. I’m holding my position avg $3.29 and I will hold for the long run.
Good Luck to everyone and hope bulls win this sideways.
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
Before start if you are a pumper or a basher, you would not like this Analysis. Right now, NIO in the 30 Min chart (usually used for short term traders) NIO is in a sideways. In my chart the candles haven’t cross yet the SMA 200 (Yellow line in the chart) what means, it’s a consolidation but bulls are in control. Current sideways will keep moving between 16.46 and 12.01 until break the resistance or support, then we will know the direction in short term. I’m holding my position avg $3.29 and I will hold for the long run.
Good Luck to everyone and hope bulls win this sideways.
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